Fund Details
Name of fund
10X Umbrella Provident Fund and 10X Umbrella Pension Fund
Date Started
December 6, 2007
Financial year end
December
Head Office
The Terraces, 14th Floor, 34 Bree Street, Cape Town, 8001
Fund Sponsor
10X Investments (Pty) Limited
Administrator
10X Investments (Pty) Limited
Constitution of Board of Trustees
Gordon Moeng (Independent Trustee and Chairperson of the Board)
Paul Slack (Independent Trustee)
Grace Mbedzi (Independent Trustee)
Caroline Naylor-Renn (Sponsor nominated Trustee)
Jasco Jacobs (Sponsor nominated Trustee)
Nico van der Walt (Sponsor nominated Trustee)
Paul Slack (Independent Trustee)
Grace Mbedzi (Independent Trustee)
Caroline Naylor-Renn (Sponsor nominated Trustee)
Jasco Jacobs (Sponsor nominated Trustee)
Nico van der Walt (Sponsor nominated Trustee)
Name of Principal Officer
Dalene Willemse
Number of participating employers
187
Number of members
39,845
Value of total assets
R7,6 billion
Default investment strategy
10X Your Future is a multi-asset high equity fund that aims to deliver long term consistent returns of CPI plus 5.5% per annum. A strategic asset allocation with a mix of both local and offshore assets is fulfilled by using index-tracking building blocks.
A default glidepath is available for those who want to de-risk as they approach retirement using a life staging strategy.
Other third-party funds can also be made available on request, subject to Trustee approval.
A default glidepath is available for those who want to de-risk as they approach retirement using a life staging strategy.
Other third-party funds can also be made available on request, subject to Trustee approval.
List of investment portfolios
10X Your Future Fund
List of insurers available
All insurers are available as 10X offers an open architecture approach to risk benefits.
Can a participating employer use an external consultant at no additional fees?
Yes
Email
Contact No
078 165 5897